📈Today I want to show you all the Resistance/Support lines and areas that we should consider for Bitcoin analysis and trading . 💡Bitcoin with the announcement of the spot Bitcoin ETF application file by the Swiss company Pando is 3 weeks after this company's request by the SEC , and the listing of ARK 21Shares spot ETF in DTCC broker started to...
🥳 Congratulate to everyone on the year 2️⃣0️⃣2️⃣4️⃣. 🙏I hope the new year is full of good things for you , your family , and your friends . 💸My wish for you is health first , success in business and personal life in the next step, and a pocket/wallet full of dollars . 🚀Bitcoin made good growth at the start of the New year(2024) , and one of the...
Bitcoin just broke the key resistance level of the mid 44k's establishing a new high of 21 month since April 2022. The red circles on the chart indicate key breakout levels. 1) June 2023 the price rose above 26,800 with a daily candle close. 2) October 2023 the price rose above 31,400 with a daily candle close. 3) Jan 2024 the price rose above 44,700 with a...
First and foremost allow me to wish everyone here in the TradingView community a Happy New Year and a prosperous 2024! What a better way to start the year than Bitcoin (BTCUSD) breaking above 45000 mark, a level it last visited on April 06 2022. Every Cycle can be seen trading within a Megaphone pattern with the parabolic rally illustrated by the dotted curves....
✅Bitcoin reacted well to 🟡 Price Reversal Zone(PRZ) 🟡, as I had expected in the previous post . 🔨Currently, Bitcoin has managed to break the Resistance lines and is completing a pullback to these lines. 🏃♂️Also, Bitcoin seems to be moving in an ascending channel , and inside this ascending channel , the Three Rising Valleys Pattern can be seen...
🚀Bitcoin started to rise near the 🟡 Price Reversal Zone(PRZ) 🟡. 🌊In terms of Elliott waves , a Zigzag(ABC/5-3-5) Correction in the 🟡 Price Reversal Zone(PRZ) 🟡 appears to have been completed . 💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys . 🔔I expect Bitcoin to go UP to at least the 🎯 First Target 🎯 I marked on the chart...
Bitcoin (BTCUSD) has seen a significant mid-Cycle growth in the past 2 months, approaching the pivotal 50k level. Technically a break above the 48.5k Resistance, constitutes the beginning of the Parabolic Phase of the Bull Cycle. There isn't a better way to illustrate this transition than the use of the Pitchfan tool. Rarely used on BTC analysis and even more so...
🏃♂️Bitcoin is moving in the 🔴 Resistance zone($43,500_$42,800) 🔴 and near the Resistance line and inside the Ascending Channel . 🌊According to the theory of Elliott waves , Bitcoin seems to be completing a Zigzag(ABC/5-3-5) correction in the ascending channel so that wave A has an Expanding Leading Diagonal . 💡Also, Bitcoin has managed to form a 🦀...
Bitcoin (BTCUSD) is currently testing the 1-month Higher Lows trend-line that has been supporting the price action since the November 22 Low. Even though the 4H MA50 (blue trend-line) has been acting as a Pivot, the 4H MA200 (orange trend-line) has been intact and supporting since October 15 and is right below that Higher Lows trend-line. Technically, the price...
Dangerous pattern forming here on Bitcoin right under the 8/1 Gann Fan would be very careful on longing here , I like rising wedges on Bitcoin they play out most of the time . Have to wait for more confirmation before pulling the trigger on this short.
🏃♂️After failing to break the Support line , Bitcoin started to rise and is currently moving in the 🟢 Support zone($42,780-$42,280) 🟢. 🌊In terms of Elliott waves , Bitcoin seems to be completing microwave 4 . 🌊The structure of microwave 4 is Double Three Correction(WXY) . 🔔I expect Bitcoin to rise to the upper areas of the 🔴 Resistance...
👋Hi, I hope you have a great weekend. 📚It is better to know that candles are considered as passports for charts. Candles alone or together ( candlestick patterns ) can convey concepts to us that help us identify price trends, and these patterns are in higher time frames , more volume and closer to standard patterns , the more valid they will...
✅As I expected, Bitcoin touched the 🔴 Resistance zone($43,180-$42,820) 🔴 . 🌊According to Elliott's wave theory , Bitcoin is completing a corrective Zigzag(ABC/5-3-5) pattern. 🔔I expect Bitcoin to decrease to at least the Support line after completing the Zigzag correction structure, and if the support line breaks, we can expect 🔵 CME Gap($40,325-$39,290) 🔵...
👋Hi, everyone. I hope you had a great weekend. 🧐Today, I decided to answer the question of whether Bitcoin has reached the end of the Bullish Rally or not ❗️❓ ⏰To answer the above question, it is better to look at the Bitcoin chart in the higher time frames, such as daily, 2-day, or weekly. 🌐Bitcoin started to increase after the confirmation of ETFs , but...
👋Hi, everyone; I hope you all have a positive Portfolio these days (be happy). ✅Bitcoin managed to break the 🔴 Resistance zone($38,650-$37,000) 🔴 [ In previous posts, my resistance zone was 🟡Price Reversal Zone(PRZ)🟡 ] and Important Resistance line during the weekend. However, this zone was not expected to break on Saturdays and Sundays when trading...
Bitcoin (BTCUSD) is trading within the 0.618 - 0.786 Fibonacci retracement levels which is the last Resistance Zone before it typically attempts a test of the All Time High (ATH) on each Bull Cycle. We have seen on previous analyses how the RSI is showing that this is a possible Mid-Cycle Resistance level where pull-backs towards the 1W MA50 (blue trend-line)...
Bitcoin has hit a major trendline resistance. The zone near 44200 will be very difficult zone for Bitcoin to cross. 39679 will be a good support and is proving so since three week. If 39679 is broken the next major support for Bitcoin will be near 35892. Major support zone for Bitcoin is between 30654 and 32232. The above information is provided for educational...
The previous month proved highly favorable for BITSTAMP:BTCUSD bulls, witnessing a remarkable 25% surge in price and establishing a new local high above 44k. Following this upward move, a correction ensued, yet the price found solid support around the 40k zone. After this correction, BTCUSD's price entered a consolidation phase, and the range of this...